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GM fails to find buyer
The failure of General Motors to secure a buyer last night for its European operations has led to mounting concern over job security for auto workers in both Germany and the UK. After reaching a seven-month high against the US dollar yesterday, sterling has trimmed these gains but remains trading at firm levels against both the dollar and single currency. Continue reading
Posted in Company News, Currency News, Euros, Other Currencies, Special Currency Offers, UK Pound Sterling, US Dollars
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Markets on weak note
Currency exchange rates have opened on a weak note this morning as North Korean missile tests and concern over government debt levels led to a more neutral trend in equities. With US and UK markets closed for a bank holiday yesterday the euro strengthened over the pound and dollar, although this morning these losses have been recovered. Continue reading
Posted in Currency News, Euros, Financial News, UK Pound Sterling, US Dollars
Tagged Asian currencies, Australian Dollar, bank of england, best rates currency, Buy Currency, Canadian Dollar, commission free currency, Consumer Spending, currency exchange, Currency Forward, Currency Future, Currency News, currency trading, Euros, Interest rates, personal currency service, UK Pound Sterling, US Dollars, World economy, Yen
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Dollar hits new lows
The US dollar has weakened against its international currency partners after minutes from the FOMC meeting showed the committee considered expanding the QE program in the US. Although equity markets are neutral this morning, international currency exchange rates have continued to rise, prompting speculation that we could be beginning to see an end to trading that exclusively shadows risk. Continue reading
Posted in Currency News, Euros, Financial News, UK Pound Sterling, US Dollars
Tagged Asian currencies, bank of england, best rates currency, commission free currency, Consumer Spending, currency exchange, Currency Forward, Currency Future, currency ideas, currency solutions, currency trading, Euros, UK Pound Sterling, US Dollars
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US Retail Slumps
The risk rally lost momentum overnight as US retail sales figures declined by 0.4% in April. US retail sales figures are a crucial to wider economic sentiment as they are directly related to business confidence and import levels. Weakened growth predictions from the Bank of England and negative industrial production figures from the eurozone also dragged exchange rates downwards for the “riskier” currencies.
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Posted in Company News, Currency News, Euros, Financial News, Other Currencies, UK Pound Sterling, US Dollars
Tagged Asian currencies, Australian Dollar, best rates currency, Buy Currency, commission free currency, Consumer Spending, currency exchange, Currency Forward, Currency Future, Currency News, currency solutions, currency trading, Euros, Interest rates, Japan, personal currency service, uk economy, UK Pound Sterling, US Dollars, US Markets, Yen
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US unemployment hits 26-year high
The US unemployment rate has hit a 26-year high as the labour market shed 539,000 non-farm jobs in April. However despite the record figure, the upward trend in currency exchange rates and equity markets has continued with the pound and…
Posted in Currency News, Euros, Financial News, Other Currencies, UK Pound Sterling, US Dollars
Tagged Australian Dollar, Canadian job market, currencies, currency, Currency News, currency solutions, currency trading, dollars, ECB, Euros, pound, Pound Sterling, Unemployment, US Dollars
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Pound hits Four Month Highs
The bullish trend in equities and currency exchange rates continues this week as both the euro and pound reached four month highs against the US dollar. Improved prospects of global recovery are encouraging the flow of funds away from safe havens and many of the “riskier” currencies are receiving a boost in exchange rates this week.
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Posted in Company News, Currency News, Euros, Financial News, Other Currencies, UK Pound Sterling, US Dollars
Tagged Asian currencies, Australian Dollar, bank of england, best rates currency, Buy Currency, commission free currency, currency exchange, Currency Forward, Currency Future, Currency News, currency solutions, currency trading, Euros, Fiat, Interest rates, personal currency service, Pound Sterling, uk economy, UK Pound Sterling, US Dollars, Yen
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Markets Hit Four Month High
Stock markets climbed to a four-month high in London this morning, as abating fears over swine flu and prospects of economic recovery improved appetite for risk. Recent PMIs released in the UK and Europe have shown the pace of recession is easing and this has improved market sentiment. Interest rate decisions from the ECB and Bank of England are due this week.
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Posted in Currency News, Euros, Financial News, Special Currency Offers, UK Pound Sterling
Tagged Asian currencies, bank of england, best rates currency, Buy Currency, commission free currency, currency exchange, Currency Forward, Currency Future, Currency News, currency solutions, currency trading, Euros, Interest rates, U.S GDP, uk economy, UK Pound Sterling, US Dollars
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UK economy contracts 1.9%
The UK economy contracted -1.9% in the first quarter of 2009, more than economists expected with record declines in the manufacturing and service sectors. This news has sent the pound plunging against the dollar and euro as investors also remain…
Posted in Currency News, Euros, Financial News, Other Currencies, UK Pound Sterling, US Dollars
Tagged currency, currency exchange, currency ideas, currency solutions, currency trading, euro zone, Euros, swap currency, trade currency, UK Markets, UK Pound Sterling, uk pounds, US Dollars
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Euro climbs against US dollar
The euro has risen against the US dollar this morning with economic news from the eurozone showing the pace of recession easing in the last month. Yesterday market focus was on the pound with the UK budget and 6.7% unemployment…
UK budget released today
Foreign exchange markets will focus on sterling today with the annual budget released in the UK. Equity markets rallied overnight on the back of comments from US Treasury Secretary Geithner. This fuelled a bounce in currency exchange rates that failed…
Posted in Currency News, Euros, Financial News, Other Currencies, UK Pound Sterling, US Dollars
Tagged currency, currency exchange, currency ideas, currency solutions, currency trading, euro zone, Euros, swap currency, trade currency, UK Markets, UK Pound Sterling, uk pounds, US Dollars
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